Cybercrime

Cybercrime security

Hey, do you know that an average of 100 credentials and passwords are stolen every second? And cybercrime is expected to cost companies 6 trillion worldwide annually by 2021?

When we define cybercrime, we’re not referring only to the cost of ransomware. This menace is widely higher, because includes threats such as damage or destruction of data, personal or financial data theft, intellectual property theft, fraud and embezzlement. This will automatically lead to business disruption and lost productivity.

If you have a business that is running your data through a network connection, or simply you just want to protect yourself against this silent threat, this article is just for you.

 

In an age of constant connection, if you don’t have an intrusion detection system in place, your company vulnerabilities are higher. If affected by cybercrime, your business reputation will be at risk. And since we’re on this point, did you know that 50% of business failed after experiencing a data breach?

 

With an increased growth of data, Microsoft predicted that by 2020, the volume of online data will be double in comparison with the volume of online data that was in 2016.

And that’s no surprise, considering The Big Data Bang of Internet of Things that will connect wirelessly 200 billion smart devices.

A shocking aspect reveal that over 300 billion passwords must be cyber protected, and an average  individual will have to manage over 60 passwords.

 

Here’s some facts: I personally manage 14 email address, 4 bank accounts, 10 social media accounts, and no, I’m not using Tinder, 5 online shopping accounts, 6 government accounts, 3 cloud accounts, 3 mobile accounts, 4 website accounts, 4 online learning platforms accounts, 2 SIA accounts, 1 online accounting software, 19 online software solutions accounts. That’s only in big lines that sums up to 75 passwords.

On top of that, I have backup 5 personal account passwords of my mum. Sometimes she forgets the logins which is understandable, so I’m there to rescue.

 

Next, I am going to share a secret with you. But for that, let’s take a walk down memory lane.

In 2009 when I was working in the army, we had a general audit. Nothing special about this, but you won’t guess what happened next.

One of the commissioners who just finish another audit to a different military unit plugged his USB stick in one of our computers.

Without knowing, his USB drive who was compromised, infected the entire network with a virus. For those who remember “Confliker” was a powerful virus at that time. Luckily, we mange to identify the threat without spreading on intranet, but it took us 3 days to fully erase the virus from the network.

 

So, you see, cybercrime even if is not a ransomware, can inflict a huge damage, as we were unable to transmit data and reports for 3 days.

The point of why I’m bringing this up is that your employees are a threat to your business.

Don’t get me wrong! I’m not accusing them of misconduct in their line of duty. But merely they are liable for human errors.

They can turn up at your workplace and plug a compromised USB drive with a virus pick it up from a porn site, a malicious website who promised update to their flash player, an advert that pops up on their online movies streaming website, and so on.

You can’t know how well protected is their operating system at home or, if they have a powerful antivirus installed.

Nowdays attackers use more sophisticated methods to bypass baseline security measures.

To straighten gaps and mitigate risks we need to  create a culture of safety and security related with cybercrime. The true empowerment stems from education.

 

Now, let’s work on some statistics. 

If one data breach can cost you approximately 28 grants to fix it and a total cost of a fully security solution per year is rounded up to 17 grand, that means you could save 11 grand per year easily.

When was the last time when you took a free internal vulnerability risk assessment?

You don’t think you need it because you’re using Apple operating systems? That’s cute, but hink again…

 

Macs devices now contains far more vulnerabilities than last year and compete with computers running windows operating system.

Are you familiar with “OXW/Pinhead-B” trojan for Macs? In case you aren’t, this malware was able to gather information about your internet activity and monitor your files.

That’s not all, this malware could take screenshots and email them from your account without your knowledge.

 

However, if you consider yourself lucky by being in the 10% users who utilise Linux operating system, you’re not safe either. For example, Enterprise Linux server has 308 vulnerabilities, while Debian Linux operating system has 723 vulnerabilities.

Studies have shown that over 45% of data is held on employees devices, while 80% of workers use multiple devices for both personal and professional tasks.

 

Finding an internal breach is like looking for the needle in a haystack. It can take an average of 6 months to discover it, and 2 more months to solve it.

In the cyber landscape, the industry doesn’t respect tradition, it respects innovation.

At the end of the day, its is our duty to protect the business information technology infrastructure by taking all the necessary precautions against this cybercrime scourge.

 

That’s why, here at SHIELD, we don’t sell dreams, we offer security solutions.

Think Safe, think smart, think secure. Think SHIELD.

Posted by Alexandru Zamfir

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